Office Properties Income Trust (NASDAQ:OPI) Stock Short Interest Report for September

Key Points

• Short interest surged 253.8% in September to 312,985 shares, equal to about 0.4% of OPI’s outstanding stock and 2.5 days of average trading volume.
• Major shareholder Redwood Capital Management sold 175,734 shares for approximately $3.34 million; insiders sold 365,529 shares worth about $7.07 million over the quarter.
• OPI shares recently traded at $15.52, near the lower end of their 12-month range, while analysts’ views were mixed but resulted in a consensus “Moderate Buy” rating and a $27 price target.

Office Properties Income Trust (NASDAQ:OPI - Get Free Report) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 312,985 shares, an increase of 253.8% from the September 15th total of 88,471 shares. Based on an average trading volume of 126,193 shares, the short-interest ratio is currently 2.5 days. Approximately 0.4% of the company's stock are sold short.

Insider Transactions at Office Properties Income Trust

In related news, major shareholder Redwood Capital Management, Ll sold 175,734 shares of the company's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $19.03, for a total value of $3,344,218.02. Following the transaction, the insider directly owned 3,961,992 shares of the company's stock, valued at approximately $75,396,707.76. This represents a 4.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders sold 365,529 shares of company stock valued at $7,066,249. Corporate insiders own 1.77% of the company's stock.

Office Properties Income Trust Stock Performance

Shares of OPI traded up $0.46 during trading hours on Friday, hitting $15.52. The stock had a trading volume of 52,800 shares, compared to its average volume of 102,287. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.02 and a quick ratio of 1.02. Office Properties Income Trust has a 12 month low of $14.64 and a 12 month high of $27.80. The firm has a fifty day moving average price of $17.42.

Office Properties Income Trust (NASDAQ:OPI - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported ($35.94) earnings per share (EPS) for the quarter. The business had revenue of $98.47 million during the quarter.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on OPI shares. Wall Street Zen upgraded Office Properties Income Trust to a "hold" rating in a report on Sunday, July 12th. Weiss Ratings lowered shares of Office Properties Income Trust from a "sell (d)" rating to a "sell (d-)" rating in a research note on Wednesday, September 16th. Finally, Odeon Capital Group began coverage on shares of Office Properties Income Trust in a report on Tuesday, July 7th. They set a "buy" rating and a $27.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Office Properties Income Trust presently has an average rating of "Moderate Buy" and a consensus target price of $27.00.

About Office Properties Income Trust

Office Properties Income Trust NASDAQ: OPI is a real estate investment trust focused on owning, leasing and managing office properties in the United States. Its portfolio has historically included buildings occupied by government entities, corporate tenants and other organizations, with properties located across a range of U.S. markets.

The company generates revenue primarily through rental income from office space. Its properties may include traditional office buildings, headquarters facilities and specialized government-occupied workplaces.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.